Gold searches for directional catalyst; Euro clears 1.15

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A cautious Fed injected Gold bulls with fresh inspiration yesterday evening with prices jumping to a near 6-month high during Thursday’s trading session. 

Although the metal’s positive trajectory remains in favour of bulls, the price action witnessed today suggests that Gold could be searching for a fresh directional catalyst. While market optimism over US-China trade talks continues to reduce appetite for safe-haven Gold, dollar weakness and expectations over the Fed taking a pause on rate hikes are clearly limiting downside losses. With the geopolitical risks in the background on… Read More

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